Q3 2025 confirmed what many venture observers suspected: startups deploying or developing AI technologies continue to command higher valuations than their non-AI peers, with 2.5x higher revenue multiples (20x vs. 8x). ...more
12/12/2025
/ Artificial Intelligence ,
Business Valuations ,
Healthcare ,
Innovation ,
Investment ,
Investors ,
Machine Learning ,
Startups ,
Sustainability ,
Technology Sector ,
Valuation
In Q3 2025, venture capital activity revealed a telling split in the fundraising landscape. Series A and B rounds saw improvements in both capital raised valuations ranging from 1.6% to 29%, marking investor confidence in...more
Early-stage strength, late-stage strain, and an enduring AI premium define this quarter’s venture landscape....more
11/12/2025
/ Artificial Intelligence ,
Capital Markets ,
Capital Raising ,
Emerging Technologies ,
Entrepreneurs ,
Equity Financing ,
Investment ,
Investors ,
Machine Learning ,
Startups ,
Technology Sector ,
Venture Capital
Founder preferred stock is on the rise, featured in nearly 11% of companies that closed priced equity rounds in H1, up from 6% in 2023. These provisions often support tax-efficient founder liquidity structuring and may signal...more
10/8/2025
/ Capital Raising ,
Contract Terms ,
Convertible Debt ,
Convertible Notes ,
Early Stage Companies ,
Entrepreneurs ,
Equity Financing ,
Exit Strategies ,
Investors ,
Liquidity ,
Seed Financing ,
Startups ,
Strategic Planning ,
Tax Planning ,
Venture Capital
Artificial Intelligence companies continued to post strong valuation premiums at Series A, particularly in sectors like Industrials, Healthcare, Financials, and Tech. ...more
Seed through Series C deal activity gained ground in Q2 2025, with deal sizes up between 5.5% and 22% and valuations rising by as much as 60% compared to Q1. While this reflects improving confidence in early-stage ventures,...more
If you’re raising early-stage capital, the outlook appears strong, but for late-stage companies, the bar is higher than ever. In partnership with Aumni, a J.P. Morgan company, we’re pleased to share the Q2 2025 edition of the...more
Fundraising dynamics continued to evolve in Q1 2025, with early-stage companies seeing a modest uptick in down rounds while late-stage companies experienced fewer. Down rounds rose to 20.8% of deals at the Seed through Series...more
In one of the largest philanthropic initiatives ever dedicated to women’s health, the Gates Foundation announced a $2.5 billion commitment to close long-standing gaps in care, research, investments and data collection focused...more
8/11/2025
/ Bill Gates ,
Contraceptives ,
Funding Opportunities ,
Gender Equity ,
Innovation ,
Investment ,
Medical Research ,
Public Health ,
Reproductive Healthcare Issues ,
Research and Development ,
Research Funding
Convertible instruments held steady in Q1 2025, but the terms are shifting in favor of investors. Interest rates on convertible notes rose by 200 to 300 basis points, and discount rates climbed as high as 10.5 percentage...more
7/24/2025
/ Contract Terms ,
Convertible Notes ,
Financing ,
Interest Rates ,
Investment ,
Private Equity ,
Small Business ,
Startups ,
Valuation ,
Venture Capital ,
Venture Funding
AI continues to be the standout in venture dealmaking, with Q1 2025 extending the sector’s winning streak. AI companies raised more capital and achieved significantly higher pre-money valuations than their non-AI...more
Seattle Tech Week is on the horizon, and the anticipation is building as the city prepares to showcase its thriving tech ecosystem. Seattle has long been a home to tech giants, but in recent years, it has transcended its...more
7/18/2025
/ Aerospace ,
Artificial Intelligence ,
Biotechnology ,
Clean Energy ,
Cloud Computing ,
Defense Sector ,
Gaming ,
Innovation ,
Innovation Hubs ,
Interactive Gaming ,
Life Sciences ,
Machine Learning ,
SaaS ,
Technology Sector
After a cautiously optimistic close to 2024, Q1 2025 brought a measured pullback in venture activity. Rather than a dramatic downturn, the market saw a strategic recalibration....more
In this edition of the J.P. Morgan Venture Beacon, we analyze venture deals from Series Seed through Series D+ to surface the real-time dynamics shaping today’s startup ecosystem. Produced in collaboration with J.P. Morgan |...more
This year’s Game Developers Conference (GDC) in San Francisco gave Fenwick’s Games Group an inside look at how triple-A publishers and indie studios alike are tackling the challenges that come with chilled market conditions...more
Walking away from Digital Health Counsel 2024 AI Summit, the stunning impact that AI and data-powered innovation are making on healthcare is undeniable. Organized by Ogden Murphy Wallace and sponsored by Fenwick, the summit...more
When an investor is thinking about betting on an up-and-coming software innovator, what do they look for? We asked, and they answered....more
8/20/2024
/ Business Valuations ,
Early Stage Companies ,
Entrepreneurs ,
Investment Opportunities ,
Investors ,
Software ,
Software Developers ,
Startups ,
Technology ,
Technology Sector ,
Valuation ,
Venture Capital
With Seattle Tech Week around the corner, here are 10 facts about the community that reveal why so many industry giants, startups, and investors choose Washington...more
7/29/2024
/ Aerospace ,
Amazon ,
Biotechnology ,
Cloud Computing ,
Entrepreneurs ,
Green Technology ,
Innovative Technology ,
Microsoft ,
SaaS ,
Startups ,
Sustainability ,
Technology Sector
The Game Developers Conference (GDC) 2024 held in San Francisco from March 18-22 brought together industry giants, tech companies, and emerging developers to discuss the latest trends and challenges in the gaming industry....more
Cyber incidents are among the fastest-growing existential threats to publicly traded companies. More than a technical headache, breaches can materially impact your bottom line—and the mere news of an incident can send stocks...more
2/1/2024
/ Capital Markets ,
Corporate Governance ,
Cyber Incident Reporting ,
Cybersecurity ,
Data Security ,
Disclosure ,
Disclosure Requirements ,
Form 10-K ,
Form 8-K ,
Investors ,
Publicly-Traded Companies ,
Regulatory Agenda ,
Securities and Exchange Commission (SEC) ,
Security Breach
Today, shareholders are increasingly demanding corporate accountability on a variety of issues, ranging from compensation and human capital management to governance and board diversity, among others. As a result, most...more